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From outside Switzerland: +41 58 285 85 85
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Baloise awarded higher sustainability rating by MSCI
Media releases Baloise awarded higher sustainability rating by MSCI
Basel, December 2, 2021. The progress made by Baloise in the field of sustainability is attracting growing external attention and recognition. For example, MSCI has upgraded the ESG rating of Baloise from BBB to A. This puts Baloise among the top 37 per cent of companies in its global peer group with regard to sustainability.

“We are proud that MSCI, the biggest provider of sustainability ratings, has acknowledged our progress in the environmental, social and corporate governance (ESG) spheres under our sustainability strategy and raised our ESG rating to A. And I am especially delighted that this rating upgrade recognises our initiatives regarding corporate governance, climate risks and responsible investment,” says Carsten Stolz, CFO of the Baloise Group.

Baloise believes that the concept of sustainable development and the insurance and financial services industries share some important characteristics, for example the need to act with a long-term focus and to manage risks and resources responsibly. The Baloise model of value creation puts sustainability at the heart of its long-term corporate strategy.

Increasingly, this is also being recognised outside the Company. In April 2017, MSCI assigned Baloise an ESG rating of BB. About two years later, it upgraded the rating from BB to BBB. Now, in November 2021, MSCI has raised the ESG rating of Baloise once again, from BBB to A. Progress in the areas of corporate governance, responsible investment and management of climate risks as well as the first steps towards integrating ESG criteria in underwriting processes were emphasised as factors in this decision. 

The ESG rating scale of MSCI extends from CCC at the lower end to B, BB and BBB and then up to A, AA and AAA at the top end. An ESG rating of A means that Baloise is now among the best 37 per cent of companies worldwide in the multi-line insurance & brokerage sector. MSCI ESG Research is the biggest global provider of sustainability analyses and ESG ratings.

The rating agencies Sustainalytics and Standard & Poor’s (under its SAM Corporate Sustainability Assessment) have also recognised progress made by Baloise this year with the implementation of its sustainability strategy and increased their respective ratings for Baloise. 
 

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Further information For more information on sustainability click here
Further information For more information on sustainability click here
+41 58 285 70 05
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About Baloise The focus is firmly on the future at Baloise as part of its «Simply Safe» strategy. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and mobility, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 9,600 million in 2021 and a profit of CHF 588.4 million. Bâloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
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